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When private and social costs are equal, Market failure occurs. There are no external costs. Government failure occurs. There is no opportunity cost.
When private and social costs are equal,
| Market failure occurs. |
| There are no external costs. |
| Government failure occurs. |
| There is no opportunity cost. |
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How To Get Money For College Financing Your Future Beyond Federal Aid
Authors: Mark D. Snider
1st Edition
0768928869, 978-0768928860
